Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the sale, the director now owns 34,654 shares in the company, valued at $4,777,400.44. The trade was a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

John Mutch also recently made the following trade(s):

• On Tuesday, November 5th, John Mutch sold 500 shares of Agilysys stock. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00.
• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00.

Agilysys Trading Down 0.1 %

Shares of NASDAQ:AGYS opened at $137.72 on Wednesday. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 39.24 and a beta of 0.85. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a 50 day moving average price of $114.09 and a 200 day moving average price of $106.96.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. On average, research analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Institutional Trading of Agilysys

A number of large investors have recently added to or reduced their stakes in AGYS. Vanguard Group Inc. boosted its stake in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. SG Americas Securities LLC acquired a new position in Agilysys in the 2nd quarter worth approximately $1,847,000. Eagle Asset Management Inc. boosted its stake in Agilysys by 59.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after purchasing an additional 53,026 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Agilysys by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after purchasing an additional 20,703 shares during the period. Finally, Natixis Advisors LLC acquired a new position in Agilysys in the 2nd quarter worth approximately $1,111,000. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AGYS has been the topic of several analyst reports. Needham & Company LLC raised their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Oppenheimer increased their price objective on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Northland Securities reiterated an “outperform” rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.80.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.